Mortgage brokers are changing in modern times and they really are taking on the traditional mortgage brokers. As we enter into a new era of recession people want to make savings as consumers and that includes when looking for a mortgage. You may be used to being hassled when trying to organize a mortgage but things just don't work that way anymore.

At last there is a new alternative and he is called the Mortgage Seeker. You really will feel that every fine detail is there in big black bold letters. You really feel as though you are dealing with somebody from a genuine professional institution and they will always go to the trouble of signing a sealing a contract that states the amount to be paid in commission and they certainly wouldn't later try and get further fees from you, like their colleagues do in the traditional sector.

The way things used to be done meant you not being revealed the final total amount until after the application submission. Traditionalists though have a policy of adding a markup to the wholesale rate of the mortgage to make their profit. Be wary of committing yourself to a really great savings mortgage as there will more than likely be a bonus coming your way before finalizing the deal.

While conventional mortgage brokers don't always have the best interests of their customers in mind, upfront mortgage brokers gain nothing by providing their borrowers with anything other than the mortgage that best suits their needs.

There are also times when mortgage brokers are given rebates by third parties.While a conventional broker may keep this rebate as a part of their profit, an upfront mortgage broker will always pass this rebate on to the borrower. With consumers appreciating honesty and no-nonsense approaches when dealing with their lending needs, upfront broker methods may just change the face of mortgage lending forever.